Cash cow to money pit: Why GM decided to let Cruise go
GM just over a year ago said Cruise would be a $50 billion per-year business. The company never made money and its parent ...
Sector Spotlight: Car makers brace for change under Trump Administration
Welcome to the latest edition of “Sector Spotlight,” where The Fly looks at a new industry every week and highlights its ...
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Why Is General Motors Getting Rid Of Key Corvette Personnel?
GM's Performance team dedicated to the Corvette has lost three high-profile members in the past twelve months—what's going on ...
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Scout Motors Can’t Sell Directly to Buyers in Home State
Volkswagen-backed Scout Motors allows customers to buy the company’s EVs on an app, but that's not allowed in South Carolina.
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Ford Predicts It Will Lose Billions on Electric Cars in 2025
It lost $5.1 billion in 2024 and estimates it'll lose even more this year. Electric vehicles are still generally unprofitable ...
Ford Motor Names Sherry House CFO, Marin Gjaja Chief Strategy Officer
Ford Motor Co. (F) announced Wednesday that Sherry House, who has served as vice president, Finance, since June last year, will ...
Top Corvette manager Harlan Charles leaves company 'My dream is over'
Harlan Charles, the Corvette product marketing manager and employee for 37 years, lost his job, according to a Sunday social ...
GM cuts 1,000 jobs from Cruise, its abandoned self-driving taxi division
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The 1,000 who remain at General Motors will be folded into the company's ...
GM takes full control of Cruise in autonomous personal vehicle shift
General Motors said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing the ...